Ellington Financial (EFC) FY2024 results: revenue $306 million, up 10.4% on the year
Ellington Financial Inc. (EFC) reported revenue of $306 million for fiscal 2024, the year ended 31 December 2024, up 10.4% on the year before. Net income was $118 million, up 93.5%, and diluted earnings per share $1.36. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2025.
Revenue
$306 million
+10.4% on the year
FY2019FY2024
Operating margin
38.0%
32.2% a year earlier
FY2019FY2024
Net income
$118 million
+93.5% on the year
FY2019FY2024
Diluted EPS
$1.36
+52.8% on the year
FY2019FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
-431
-242
42.7
Capital expenditure
0.0
0.0
0.2
Free cash flow
-431
-242
42.5
Free cash flow margin
-140.9%
-87.4%
70.8%
Cash from investing
-728
175
-1,753
Cash from financing
1,137
75.6
1,839
+1,403.7%
Depreciation and amortisation
2.0
1.7
0.6
+16.1%
Share-based compensation
1.1
1.3
1.4
-11.3%
Buybacks
0.7
12.4
1.7
-94.5%
Dividends paid
164
149
123
+9.6%
Dividend per share
n/a
$1.80
$1.80
Diluted shares, weighted
88m
69m
61m
+27.0%
Shares outstanding at period end
91m
83m
64m
+9.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,570
1,517
1,196
+3.5%
Non-controlling interest
20.3
18.5
24.9
+9.7%
Debt
2,216
1,697
9,519
+30.6%
Other liabilities
12,510
12,083
3,346
+3.5%
Total liabilities and equity
16,317
15,316
14,086
+6.5%
Fixed assets
1.4
1.1
1.4
+22.5%
Intangible assets
2.2
2.7
3.3
-18.8%
Securities held for sale or to maturity
962
1,518
1,459
-36.6%
Cash and equivalents
192
229
217
-16.0%
Other assets
15,159
13,565
12,405
+11.8%
Total assets
16,317
15,316
14,086
+6.5%
10-K for the year ended 31 December 2024, filed 3 March 2025: the filing.